RIM CEOs to Give Up Top Posts in Shuffle • Hacker News Board

Re: RIM CEOs to Give Up Top Posts in Shuffle

#21

Post by martythemaniak » Mon, Jan 23, 2012, 3:58 AM UTC

wavephorm wrote: post #17

The fact that it took this long for the CEO's to step down reflects the extreme arrogance of this company. I've attended a few RIM-sponsored events in the Waterloo, and it's downright shocking how cocky the reps and developers are. RIM appears to be living in its own little tech bubble, blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone. This company makes a lot of mone…

"...blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone"

Speaking of living in a bubble...

Re: RIM CEOs to Give Up Top Posts in Shuffle

#22

Post by wavephorm » Mon, Jan 23, 2012, 4:11 AM UTC

martythemaniak wrote: post #21

wavephorm wrote: post #17

The fact that it took this long for the CEO's to step down reflects the extreme arrogance of this company. I've attended a few RIM-sponsored events in the Waterloo, and it's downright shocking how cocky the reps and developers are. RIM appears to be living in its own little tech bubble, blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone. This company makes a lot of mone…

"...blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone" Speaking of living in a bubble...

What I meant was that RIM and their execs have been insulated from the true damage being done to their business and more importantly their mindshare among developers. Apple's success with iPhone and iPad is absolutely not what I'd call a bubble.

Re: RIM CEOs to Give Up Top Posts in Shuffle

#23

Post by [deleted] » Mon, Jan 23, 2012, 4:15 AM UTC

martythemaniak wrote: post #21

wavephorm wrote: post #17

The fact that it took this long for the CEO's to step down reflects the extreme arrogance of this company. I've attended a few RIM-sponsored events in the Waterloo, and it's downright shocking how cocky the reps and developers are. RIM appears to be living in its own little tech bubble, blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone. This company makes a lot of mone…

"...blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone" Speaking of living in a bubble...

[deleted]

Re: RIM CEOs to Give Up Top Posts in Shuffle

#24

Post by [deleted] » Mon, Jan 23, 2012, 4:20 AM UTC

faramarz wrote: post #4

Quote from The Globe and Mail article[1] I read earlier: "...new chief executive officer says the company is doing everything right and does not need a change in strategy..." oh boy! [1] http://www.theglobeandmail.com/report-on-business/at-researc...

[deleted]

Re: RIM CEOs to Give Up Top Posts in Shuffle

#25

Post by [deleted] » Mon, Jan 23, 2012, 4:21 AM UTC

eli wrote: post #14

xal wrote: post #10

Earlier quoted context omitted.

That's generally a good thing to say when the people that he has to calm the most are the Street and their demotivated workforce. People as a whole don't like change.

Yeah, I agree. Even if you can see the current strategy is failing, you shouldn't go throwing bombs unless and until you think of something better.

[deleted]

Re: RIM CEOs to Give Up Top Posts in Shuffle

#26

Post by nl » Mon, Jan 23, 2012, 4:39 AM UTC

xal wrote: post #15

resnamen wrote: post #13

Earlier quoted context omitted.

Not if the status quo is terrible.

We techies know it is but RIM is very profitable and growing, the trade volume on the stock indicates that a lot of people think that they could be undervalued at the moment. They may even be under book value.

So techies know RIM is in trouble, and Wall Street is pricing RIM as though it is in trouble... The only people who think it isn't in trouble are inside RIM.

RIM is very profitable and growing

Actually the opposite is true: RIM profit drops 27 percent; shipments seen down[1], The Waterloo, Ontario, company said fiscal third-quarter earnings tumbled 71% on a charge related to a disastrous launch of a tablet competitor to Apple's iPad. And it forecast weak smartphone shipments in the current quarter. [2], etc, etc

[1] http://news.yahoo.com/instant-view-rim-profit-drops-27-perce...

[2] http://online.wsj.com/article/SB1000142405297020402680457710...

Re: RIM CEOs to Give Up Top Posts in Shuffle

#27

Post by napierzaza » Mon, Jan 23, 2012, 4:47 AM UTC

eli wrote: post #14

xal wrote: post #10

Earlier quoted context omitted.

That's generally a good thing to say when the people that he has to calm the most are the Street and their demotivated workforce. People as a whole don't like change.

Yeah, I agree. Even if you can see the current strategy is failing, you shouldn't go throwing bombs unless and until you think of something better.

Really? If you have to replace the two CEOs who were there for 20 years, that's admission that things need to change and that's why. Unless they both had personal issues.. simultaneously. He is there on a mission to change the direction of the company. Only foolish people at RIM aren't worried.

Re: RIM CEOs to Give Up Top Posts in Shuffle

#28

Post by [deleted] » Mon, Jan 23, 2012, 4:50 AM UTC

[deleted]

Re: RIM CEOs to Give Up Top Posts in Shuffle

#29

Post by cryptoz » Mon, Jan 23, 2012, 5:26 AM UTC

wavephorm wrote: post #22

martythemaniak wrote: post #21

Earlier quoted context omitted.

"...blissfully ignorant that pretty much everywhere else in the first world owns or will own an iPhone" Speaking of living in a bubble...

What I meant was that RIM and their execs have been insulated from the true damage being done to their business and more importantly their mindshare among developers. Apple's success with iPhone and iPad is absolutely not what I'd call a bubble.

You suggested that Apple has some kind of majority market share or something. They don't. Hence, your bubble is showing.

Re: RIM CEOs to Give Up Top Posts in Shuffle

#30

Post by Stormbringer » Mon, Jan 23, 2012, 5:28 AM UTC

nl wrote: post #26

xal wrote: post #15

Earlier quoted context omitted.

We techies know it is but RIM is very profitable and growing, the trade volume on the stock indicates that a lot of people think that they could be undervalued at the moment. They may even be under book value.

So techies know RIM is in trouble, and Wall Street is pricing RIM as though it is in trouble... The only people who think it isn't in trouble are inside RIM. RIM is very profitable and growing Actually the opposite is true: RIM profit drops 27 percent; shipments seen down [1], The Waterloo, Ontario, company said fiscal third-quarter earnings tumbled 71% on a charge related to a disastrous launch of a tablet competito…

They had recently been increasing volume (and to an extent profit) by cutting prices, of course there is only so far you can cut into prices before profit suffers.

Gruber referenced something about this not so long ago - someone had written an article showing that historically companies that do this appear good in the short term, but in the long term it is a huge danger sign.

Hence the person to whom you were replying may have been aware of the "profits are up" song RIM has been singing for a while now, but not aware of the most recent results which indicate a rude awakening is imminent.